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BubblyWaffle
BubblyWaffle
Porter

At the age of 42 , how much savings is respectable in Bangalore. I have a relative who has a saving of 30L at 42yo.

O-15L
16-50L
50- 2cr
2- 10cr
10cr+
2813 votes15d left
14d ago
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BubblyMuffin
BubblyMuffin
Flipkart14d

"respectable" obviously depends on who you ask. But I'd say at 42 most software engineers in Bangalore have a paid off home and would have a net worth over a crore.

BubblyWaffle
BubblyWaffle
Porter14d

So basically a net worth of around 2.5cr. Makes sense

CosmicLlama
CosmicLlama
Freelancer14d

The people who voted 10CR+, voted just to skew the poll.

BubblyWaffle
BubblyWaffle
Porter14d

:)

PrancingDumpling
PrancingDumpling
Tekion12d

I voted for 10Cr+ by accident. Wanted to see the results.

SnoozyPenguin
SnoozyPenguin
Deloitte13d

At 42 you should have a fully paid home, car and no other personal/credit card loan. That will be your real asset. Now real network without inheritance should be ideally 3-4cr.. So that you can ideally retire in the next 3 years

QuirkyDumpling
QuirkyDumpling
Wells Fargo13d

Agree. At 42 if you have a paid off home and no outstanding loan then you are in a good shape.from now onwards you can build corpus for retirement.

SqueakyBanana
SqueakyBanana
Deloitte14d

Is it savings per year or is it for lifetime

BubblyWaffle
BubblyWaffle
Porter14d

It's his life time savings. And he is not even worried. No house either but he wants to buy a creta!

PerkyBagel
PerkyBagel
Infosys14d

They relative is you

PerkyBagel
PerkyBagel
Infosys14d

That*

BubblyPanda
BubblyPanda
Flipkart14d

At age 40 , you should have 3X of savings of your current CTC.

SparklyKoala
SparklyKoala
SAP14d

😂

BubblyWaffle
BubblyWaffle
Porter14d

Ohh
Nice concept

DancingLlama
DancingLlama
Infosys13d

Anything less than 50 cr is bankruptcy

SillyQuokka
SillyQuokka
Dell14d

Why are relatives sharing net worth with you ? Even if shared, why are you concerned?

TwirlyNarwhal
TwirlyNarwhal
Bosch14d

Liquid or combine (Liquid + investment)

CosmicUnicorn
CosmicUnicorn
Deloitte12d

Your relative is definitely lying.

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